Monday 3 February 2014

GOOGLE SELLS MOTOROLA MOBILITY UNIT TO LENOVO FOR 3$BN



Google has sold struggling US mobile phone company Motorola Mobility to Chinese computer maker Lenovo for $2.91bn (£1.8bn), in a surprise move.Google had paid $12.5bn for the company less than two years ago. Lenovo plans to build up its smartphone unit through the Motorola purchase, which may help offset its slowing personal computer business.However, Google will keep the majority of Motorola's lucrative patents, which include one for Android software.


In a statement, Google said the smartphone market was "super competitive" and that Motorola would "be better served by Lenovo".The purchase is set to make Lenovo the world's third-largest smartphone maker behind Samsung and Apple.

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